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Hyundai Motor Reports April 2020 Global Sales

2020.05.06 15:30:00 No. 16454

 April sales totaled 159,079 units, down 56.9% y/y
• Sales in Korea slid 0.5% y/y to 71,042 units
• Sales outside of Korea declined 70.4% y/y to 88,037 units


SEOUL, May 6, 2020 – Hyundai Motor Company today announced April global sales of 159,079 units, a 56.9 percent drop from a year earlier, affected by production disruptions around the world and weaker demand caused by COVID-19.


Korea Sales
Sales in Hyundai’s home market declined 0.5 percent year over year to 71,042 units. Popular models such as Grandeur sedan (sold as Azera in some markets) led domestic sales with 15,000 units. Strong performance of new models, including the all-new Avante (sold as Elantra in some markets) as well as the G80 sedan and GV80 SUV of the Genesis luxury brand, helped to maintain robust sales momentum in Korea.


Overseas Sales
For other markets, sales slowed to 88,037 units compared with 297,540 units in 2019 amid shutdowns of overseas plants.

To mitigate market uncertainty caused by COVID-19, Hyundai Motor will implement measures tailored for individual regions to spur a speedy recovery. Hyundai Motor will also raise its risk management capability and stabilize its supply chain to minimize the negative business impact from spread of COVID-19 pandemic. 

The company is implementing various schemes to take care of its customers, such as extending warranty periods and launching new models online.

            


Sales Results (Units)
Subject
Apr-20
Apr-19
Y/Y Change
Mar-20
M/M Change
2020 YTD
2019 YTD
YTD Change
Korea Sales
71,042
71,413
-0.5%
72,180
-1.6%
230,103
255,370
-9.9%
Overseas Sales
88,037
297,540
-70.4%
235,003
-62.5%
832,402
1,134,974
-26.7%
Global Sales
159,079
368,953
-56.9%
307,183
-48.2%
1,062,505
1,390,344
-23.6%

* Monthly sales figures provided in this press release are unaudited and on a preliminary basis...

1. Sales in Korea is based on retail sales while overseas sales (global sales excluding Korea) is based on wholesales.

2. Sales results include entire sedan, SUV and CV models produced by Hyundai Motor.



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